TradingView India. Bitcoin dominance is at major support. If dominance break below the support zone we will see a good rally in altcoins. The DeFi hype may break the support zone and bring a good altseason. Many altcoins did x from their all-time low price. The alt rally will attract new investors and that will increase the price of bitcoin 24crypto.de: Bitcoinik. #BTC Dominance TA chart Update: #Bitcoin Dominance Dump hard as I told you guys. And I also told you buy Altcoins at resistance of Dominance chart at 66% Hope you are very happy if you followed my analysis. Now..? Now still we can see Altcoins pump hard but we can see some corrections in altcoins. So Guys keep an eye on below point: Support: 60%/57% Resistance: 65% So Buy Altcoins at. Crypto market cap charts The charts below show total market capitalization of Bitcoin, Ethereum, Litecoin, XRP and other crypto assets in USD. You can also compare market cap dominance .
Bitcoin dominance tradingview chartBitcoin Dominance for CRYPTOCAP:BTC.D by Fibonaccay — TradingView UK
Eyes on that Alt dominance chart to see whether that double touch on the equilibrium line leads to a sustainable bounce like before. Great visualization, btw. So my original idea from January 4, at which many people rolled their eyes and commented "oh no, never ever" was probably right! Today it looks like this. We will see BMLemon ReallyMe. ReallyMe , I like this idea but I think I'm too chicken to trade out into stables. I don't know if we put in the 4 wave or if we've completed 5 and we're putting in the corrective waves.
One thing I think is interesting to note is how many of the Alts have formed complex WXY corrections and makes me think BTC could do the same thing, losing dominance until it's finally fully corrected and everyone is fully screwed. ReallyMe BMLemon. BMLemon , Yes, it's all possible. At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away.
This is partly to do with Hello, traders! Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally.
Christmas holidays are coming and traders in the stock market prefer to fix their positions. In case if big players are fixing positions on BTC, the nearest support level is at the price values of Bitcoin dominance touched On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on.
The B wave is completed with a Some Elliott Wave for you. I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for Finger Crossed. Anyone that bought the dip on Alts, very ballsy!
Hat's off to you if it work out. As bitcoin dominance is going up for past few weeks , now looks its a time for a big pull back and give alts to grow again.